22. As a management trainee assigned to the banks Asset/Liability Management committee, you have been...
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22. As a management trainee assigned to the banks Asset/Liability Management committee, you have been asked to calculate the duration of each of the following loans: a. TZS20,000,000 principal, TZS4,500,000 payments per year for five years. b. TZS20,000,000 principal , TZS4,200,000 payments per year for five years Assume that the banks current required return on these types of loans is 8%.
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